OREANDA-NEWS. June 5, 2012. Baltika Breweries received an offer that regards a voluntary purchase of registered ordinary shares and was made by Baltic Beverages Holding Aktiebolag, Carlsberg subsidiary.

A proposed price of acquirable issuing securities equals to RUR 1550  per share.

Baltika Board of Directors has considered a voluntary proposal and unanimously recommended shareholders of Baltika Breweries, JSC to accept the voluntary offer.

The Board of Directors has proposed to regard a share acquisition price mentioned in the Voluntary proposal in the amount of 1550 roubles per share as fair, given that the price per share is:

A premium of 26% to the share price the day prior to 20 February 2012 when the Carlsberg Group made its intentions public;

A premium of 31% to the weighted average share price during the 6-month period immediately preceding 20 February 2012;

A premium to the share price of the share buy-back performed in 2011 when the price was set at RUB 1,407 for ordinary shares and RUB 1,286 for preference shares.

Currently, the Carlsberg Group share in Baltika capital is 84.72 percent. The offer is conditional upon the Carlsberg Group achieve more than 95% ownership of Baltika Breweries.

Baltika Breweries, OJSC is one of the largest manufacturers of consumer goods in Russia, and since 1996 it has been a leader in Russian beer market. Baltika is a part of Carlsberg Group. The Baltika brand takes the first place in Europe sales (Euromonitor). The company owns factories in 10 Russian cities, one brewery in Azerbaijan and a diversified brands’ portfolio. Baltika Breweries is a leading exporter of Russian beer. Its production is represented in more than 75 countries, making 70 per cent of all Russian beer export supplies.